Industrial Warehouse with
For Sale
Contact for pricing
12401 Washburn Ave South, Burnsville, MN 55337
Industrial warehouse for sale with dock and drive-in loading, plus outside storage and immediate availability.
Property Size21,744 SF
Lot Size2.54 Acres
Price / SF$147.17
Days on Market67
Property Features for 12401 Washburn Ave South
General Information
Standard status
Active
Size
21,744 SF
Lot size
2.54 Acres
Property subtype
Industrial
Zoning
GIH – Gateway Industrial Heavy
Investment Type
Owner/User
Warehouse & Industrial
Dock-High Doors
1
Drive-In Doors
1
Building Details
Year Built
1987
Tenancy
Single
Listing Agency:
Gonyea Commercial Properties
Listed By:
Hunter Stanek · License #MN 40517993
(218) 791-5347
Source:
Crexi
Added: Jul 3
Changed: Aug 23
Last Checked: Sep 7 at 6:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Gonyea Commercial Properties
Investment Insights
Based on property information with market context.
This industrial warehouse is offered for sale with a total area of 21,744 SF and includes outside storage. The loading configuration features both dock and drive-in loading for flexible receiving and distribution operations, and the property is available immediately.
The building is located at 12401 Washburn Ave South in Burnsville, MN. Additional site area totals 2.54 acres to support outdoor storage needs.
The property combines enclosed warehouse space with exterior storage, supported by dock and drive-in access designed for efficient movement of goods.
The building is located at 12401 Washburn Ave South in Burnsville, MN. Additional site area totals 2.54 acres to support outdoor storage needs.
The property combines enclosed warehouse space with exterior storage, supported by dock and drive-in access designed for efficient movement of goods.
Key Highlights
- Industrial building built in 1987
- 21,744 SF industrial warehouse for sale
- 2.54 acres with outside storage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$286,839
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,736,780
$5.7M
Cap Rate 7%
$4,097,700
$4.1M
Cap Rate 9%
$3,187,100
$3.2M
Market Conditions
NOI Build-Up for 21,744 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$352.3K $16.20/SF
− Vacancy
−$14.8K −$0.68/SF
EGI
$337.5K $15.52/SF
− OpEx
−$50.6K −$2.33/SF
NOI
$286.8K $13.19/SF
Area
Dakota County, MN
Vacancy
4.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,736,780
Cap Rate 7%
$4,097,700
Cap Rate 9%
$3,187,100
Alternative Uses
Best Use
Warehouse
$4.10M
$3.59M – $4.78M
NOI $286,839 @ 7.0% cap · market cap 8.96%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$5.35M
$4.68M – $6.24M
NOI $374,562 @ 7.0% cap · market cap 11.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Dock-high doors
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
201
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 55337, MN
47,333
Population
19,695
Households
2.4
Avg Household Size
37
Median Age
39%
College-Educated
93%
High-School Grad
18.7 sq mi
ZIP Area
2,531
Density / Sq Mi
$81,641
Median Household Income
$46,602
Median Earnings
$1,463
Median Rent
$327,800
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- Self & Sound secure Storage — 4000 Frontage Rd, Savage, MN 55378
- Elowen Storage Units — 12450 Oliver Ave, Burnsville, MN 55337
- Safe And Sound Storage — 4000 state hwy 13, savage, mn 55378
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse for sale with dock and drive-in loading, plus outside storage and immediate availability.
Where is this warehouse located?
The property is located at 12401 Washburn Ave South Burnsville, MN.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Industrial building built in 1987; 21,744 SF industrial warehouse for sale; 2.54 acres with outside storage
